Europe Privileged Access Management (PAM) Solutions Market
No. of Pages: 110 | Report Code: BMIRE00031398 | Category: Technology, Media and Telecommunications
No. of Pages: 110 | Report Code: BMIRE00031398 | Category: Technology, Media and Telecommunications
The Europe privileged access management (PAM) solutions market was valued at US$ 848.56 million in 2023 and is expected to reach US$ 2,079.07 million by 2031; it is estimated to register a CAGR of 11.9% from 2023 to 2031. Rise in Demand for Protection Against Insider Threats Drives Europe Privileged Access Management (PAM) Solutions Market
Insider threats involve cybersecurity risks from within an organization, typically involving employees, former employees, or individuals directly accessing the organization's network and sensitive data. These insiders know internal processes, company policies, and other malicious information that can be exploited. PAM solutions are helpful in mitigating insider threats by implementing robust security measures. They enable organizations to monitor and control privileged access to critical resources, reducing the risk of unauthorized access and potential insider attacks.
Insider threats can have severe consequences for establishments, such as data breaches, theft of intellectual property, and disruption of operations. PAM solutions offer features such as credential management, session monitoring, controlled command elevation, and secrets management for applications and devices. These capabilities assist organizations in detecting and preventing unauthorized privileged access, enhancing their overall security posture. Hence, the rising demand for protection against insider threats is boosting the adoption of PAM solutions to safeguard against these risks.Europe Privileged Access Management (PAM) Solutions Market Overview
The Europe privileged access management (PAM) solutions market is segmented into Germany, the UK, Italy, France, Russia, and the Rest of Europe. The privileged access management (PAM) solutions market in Europe occupies a significant position as the second-largest market, primarily driven by security and regulatory compliance concerns in Germany, Italy, Spain, and other European nations. The implementation of the General Data Protection Regulation (GDPR) across the European Union has significantly amplified the demand for PAM solutions in this region. Therefore, the companies expanding their business in the region have to adopt cybersecurity solutions with the adoption of EU rules and regulations. Moreover, the rise in the number of small and medium-sized businesses in Europe has contributed to the implementation of PAM solutions to ensure adherence to regulatory requirements.
Europe Privileged Access Management (PAM) Solutions Market Revenue and Forecast to 2031 (US$ Million)
Strategic insights for the Europe Privileged Access Management (PAM) Solutions provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Europe Privileged Access Management (PAM) Solutions refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Report Attribute
Details
Market size in 2023
US$ 848.56 Million
Market Size by 2031
US$ 2,079.07 Million
Global CAGR (2023 - 2031)
11.9%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Offering
By Deployment
By Enterprise Size
By End-Use Industry
Regions and Countries Covered
Europe
Market leaders and key company profiles
Get more information on this report Europe Privileged Access Management (PAM) Solutions Regional Insights
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Europe Privileged Access Management (PAM) Solutions Market Segmentation
The Europe privileged access management (PAM) solutions market is categorized into offering, deployment, enterprise size, end-use industry, and country.
By offering, the Europe privileged access management (PAM) solutions market is segmented into solutions and services. The solutions segment held a larger share of the Europe privileged access management (PAM) solutions market share in 2023.
In terms of deployment, the Europe privileged access management (PAM) solutions market is segmented into on-premise and cloud. The on-premise segment held a larger share of the Europe privileged access management (PAM) solutions market share in 2023.
Based on enterprise size, the Europe privileged access management (PAM) solutions market is segmented into large enterprises and SMEs. The large enterprises segment held a larger share of the Europe privileged access management (PAM) solutions market share in 2023.
By end- use industry, the Europe privileged access management (PAM) solutions market is BFSI, IT & telecom, healthcare, energy & utility, retail & e-commerce, manufacturing, government & defense, and others. The BFSI segment held the largest share of the Europe privileged access management (PAM) solutions market share in 2023.
Based on country, the Europe privileged access management (PAM) solutions market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany segment held the largest share of Europe privileged access management (PAM) solutions market in 2023.
BeyondTrust Corporation, Broadcom Inc, CyberArk Software Ltd., Delinea Inc, Fortinet Inc, International Business Machines Corp, Microsoft Corp, Okta Inc, and Persistent Systems Ltd are some of the leading companies operating in the Europe privileged access management (PAM) solutions market.
The Europe Privileged Access Management (PAM) Solutions Market is valued at US$ 848.56 Million in 2023, it is projected to reach US$ 2,079.07 Million by 2031.
As per our report Europe Privileged Access Management (PAM) Solutions Market, the market size is valued at US$ 848.56 Million in 2023, projecting it to reach US$ 2,079.07 Million by 2031. This translates to a CAGR of approximately 11.9% during the forecast period.
The Europe Privileged Access Management (PAM) Solutions Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Privileged Access Management (PAM) Solutions Market report:
The Europe Privileged Access Management (PAM) Solutions Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Privileged Access Management (PAM) Solutions Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Privileged Access Management (PAM) Solutions Market value chain can benefit from the information contained in a comprehensive market report.
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